Because increase in price reduces the quantity initially allotted to the cost price
Answer:
The correct answer is B
Explanation:
Automatic stabilizers are kind or form of fiscal policy which is created or designed in order to offset the fluctuations in the economic activity of the nations by the normal operations without extra, timely authorization through the policymakers or government.
Fiscal policy are the polices where the levels adjust the spendings by government as well as tax rates in order to monitor as well as influence the nation economy.
So, the fiscal policies needed no government action but are expansionary when the economy contracts and expands is referred to as the automatic stabilizers.
Answer:
Absorption cost= $84 unit
Explanation:
Giving the following information:
Direct material used $12
Direct labor 18
Variable manufacturing overhead 25
Fixed manufacturing overhead 29
Variable selling and administrative cost 10
Fixed selling and administrative cost 17
Absorption costing captures all product costs (direct labor, direct material, manufacturing overhead) to each unit of a product produced during the period. It includes variable and fixed cost.
Absorption cost= Direct material used + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
Absorption cost= 12 + 18 + 25 + 29= 84
According to John Kotter's 3rd step from the 8 steps change model, Florence need to : Create vision for change
Which mean that simply ordering the staff to change is not enough. Florence and her team have to teach the staffs why the change is important for them and how the change will positively affect their condition
Answer:
(a) The Vasquez construction is the principal, the surety is the party that underwrites the contract and local school board is the obligee.
(b) If Vasquez fails to finish the contract, then the surety will be required to pay for the loss suffered by the obligee due to the contract failure.
(c) In a surety bonds contract, the surety has a legal right to get back the losses from the principal.
Explanation:
Solution:
(a) Under a performance bond contract, the owners assures that the work will be completed within a specific time frame and contract specification.
In this example given, the Vasquez construction is the principal, the surety is the party that underwrites the contract and local school board is the obligee.
(b) If the Vasquez construction fails to complete or finish the contract, then the surety will be obliged to pay for the loss suffered by the obligee due to the failure of the contract.
(c) In a surety bond contract, the surety has a legal right to recover the losses from the principal. for this later on, the surety can recover it's loss from the principal.
